Chris Foster

have agreed to a deal of their own.

The deal means there will be free trade on almost all goods between India and the 27 members of the European Union, linking economies with a combined population of nearly 2 billion people.

European Commission President Ursula von der Leyen calls it the mother of all deals.

Indian Prime Minister Narendra Modi says it will strengthen stability in the international system at a time of turmoil.

There's also an agreement on a framework for more defense and security cooperation and a separate pact making mobility easier for students and skilled workers.

India wants to diversify its export markets to offset the loss of sales in the U.S.

due to higher tariffs.

The EU has signed trade deals with Japan, Indonesia, Mexico, and a block of South American nations over the past year.

Chris Foster.

Fox News.

Some restaurants are in financial trouble.

The president says he's raising tariffs from 15 to 25 percent because South Korea's legislature has been too slow to approve the trade deal announced last July.

It included a commitment to invest $350 billion in the U.S.

economy over several years.

South Korean lawmakers have submitted bills to implement that commitment, but they're still under review.

A spokesperson for the ruling Democratic Party there says the trade deal will be approved by the end of February.

Chris Foster, Fox News.

Another country is considering a ban.

France's National Assembly votes 130 to 21 to approve a bill banning social media for kids under 15 and banning the use of mobile phones in high schools.

It'll go up for debate next in the French Senate.